HomeNewsWorldUK inflation jumps to 40-year peak

UK inflation jumps to 40-year peak

Consumer prices index inflation hit 9.0 percent in April from 7.0 percent in March, the Office for National Statistics said in a statement.

May 18, 2022 / 12:09 IST
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Representative image
Representative image

Britain's annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data showed Wednesday, deepening a cost-of-living crisis.

Consumer prices index inflation hit 9.0 percent in April from 7.0 percent in March, the Office for National Statistics said in a statement.

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The ONS estimated that this was the highest level since 1982, while it was the fastest measured rate since the data series began in 1989.

Nations across the world are plagued by decades-high inflation as the Ukraine conflict pushes up energy and food prices, in turn forcing the Bank of England and other central banks to ramp up interest rates.